NL1960:


She has since done that as i took her through the process. She has even seen her 1-day interest today as the subscription was done yesterday. She don dey shout say she don hammer. She is now waiting for her stock market sales to hit her account so that she can equally move it there. At the rate she wants to go with this MMF, e be like say quantity of food go reduce for house o as she fit begin 'divert' house keeping money to MMF.

no be small hammer o, rate don enter 11.56%. No worri house keep money go grow like grass.
You are doing a good job of carrying her along the safe investment journey. When women sabi investment children are easily influenced positively than when it's only one of the parents is involved in investment.

NL1960:


e-account gotten. First subscription done by her and funds already credited to her MMF.

Great! Please ask her to sign in to her account on the web portal at least once before continuing with the app.

elmas:


Sir please what is the difference with treasury bills and is the interest rate at 8% per annum?

Chat me up on WhatsApp with the number on my signature

elmas:


Oh ok sir, it won't reduce my capital after a period of time?

For MMF your capital is guaranteed.

elmas:


Good day sir, please does mmf interest rate fluctuates?

Yes it does because the rates are daily valued but it's not volatile ie the fluctuations in rate is not sharp it revolves round a particular figure. It's currently at the range of 8 to 12.5% in the industry.

yak:
Please, I would like anyone to explain the difference between balanced fund and equity fund.
I have some funds in balanced fund(United Capital), the fund is doing well but I'm becoming greedy

Mutual funds generally are pull of funds from individuals and corporate bodies managed by a professional called the fund manager.

There are different mutual funds which are mostly named based on the underlying asset.

Equity funds as the name implies have the underlying assets as shares of quoted companies, which means the money invested by investors who subscribed to Equity fund is solely invested in shares hence they belong to the High-risk type of mutual funds. The value fluctuates according to the prices of equities. If the stock market is doing well, the fund does the same, and vice versa.
Investors can lose their capital and gains in Equity funds. There is nothing guaranteed.

On the other hand balance funds have underlying assets divided into various instruments like equities, real estate, and money market instruments, that is how it derives the name balance. The fund managers tend to balance up the assets with different instruments with some low-risk, medium, and high-risk instruments

The reason most balance funds are doing well generally this year is that there has been a long bullish run in the equity market this year and at the same time rates are increasing because of inflation rates in the money market and fixed-income instruments.

For all investments, balance fund inclusive follow your investment objectives so that you will not be greedy or fearful.

The least risky of them all is the money market fund.

Click on the link on my signature to open money market fund, Fixed income fund or both.
They are low risk funds - capital and interest guaranteed.

enque:


yes it is possible. Just fund your account with the 1M and watch ur interest grow every month

cc emmasoft

In addition to @enque post. You can actually invest in MMF with any amount from 5k at anytime and withdrawal is also possible at anytime.
However, if withdrawal is made within the first 30 days you lose 20% on the accrued interest on the amount you are withdrawing.
If you are yet to open MMF account, click the first link on my signature and complete the online form. Within 24hrs your account will be opened. Otherwise just deposit the 1million in your existing MMF account and get both your accrued interest and capital at the end of the one month.

You can chat me up if you need further guidance.

NL1960:


Online account opening through your link done. Now waiting for e-account so that funds can be transferred.

Thank you my Oga.
I'm sure you will get the e-account number by tomorrow.

NL1960:


Noted. I might also use your link to fill it online for her.

Oh better. It's the first link on my signature. Remember to pick tier 3 for a non-limited account.

agbekoya:


Thanks for the update. I just hope redemption payment can be to $ account when even subscription is done by naira payment and they won't insist on naira payment.

Redemption is in dollars. Subscription is actually in dollars, it's just to help some interested investors who find it difficult to get dollars that is the reason for the naira option during the subscription, otherwise, every transaction is done in dollars, it's not a general industry practice but rather more of a peculiar case.

NL1960:


@emmasoft. Good that you posted as i totally forgot about you. My wife wants to join me in StanbicIBTC MMF. If she goes to their office to open the account, i will want her to link it to you. Is that possible?.

Yes. It's possible. There is a space for a referral code on the form she will be given, she should write L63LJ7GX in that space and let them know that it's the code of the person who referred her. I hope she goes to their office at VI because that is where she can get a prompt response.
If you don't mind I can send you the form with my code already printed on it. I tried to attach it here it's not going through.

Thanks for remembering me. It's appreciated and not taken for granted.

agbekoya:
Meristem Securities dollar mutual fund will open on Monday 11 December, minimum subscription is $500 just like Norrenberger. I am considering getting on the dollar mutual fund train with either of these two companies. I like opinions of comparison to help choose between these two companies. Thanks in advance

Go with Norrenberger especially if you don't have dollar. They accept naira but their conversion rate is always slightly above black market rate on any of the day you are investing.

Contact me if you decide to go with them.

emmanuelewumi:





Who is the new core investor of Ellah Lakes.


Okomu was not profitable when it was sold by FGN at N5.00 per share


Presco was not profitable when it was sold by Edo State and Delta State government at N5.00.


Think of what we get from palm oil

Vegetable oil when bleached, margarine when the bleached oil is hydrogenated.

Body cream, soap production, drugs etc

Telluria Limited now have a majority stake in Ellahlakes. The new MD Chuka Mordi is a Director in Telluria Ltd.

Locotrader:
Good morning folks.
Transcorp is planning to separate the power subsidiary .How true is this news and what is the effect on share price?
Positive or negative?

Both!

Good news if the separation is like Afriprud, ucap and afriland was unbundled from UBA

Bad news if it's separated the way Transcorp Hotel was separated from Transcorp

Avenger25:
Good evening, I registered Mutual fund using Stanbic IBTC. They have sent me the account number and how to fund my mutual fund account. But I wasn't sent the login details for the app.

Did I miss anything out, how can I get my login details?

What you have is all you need to start investing.
After your first deposit, a generic password will be sent to you. Login with that and you will be prompted to change it to your preferred password.
Don't forget to use your e account number as your narration when doing the bank transfer.
If you do the transfer this night or tomorrow morning your password will be sent before COB tomorrow.

Luada:
Gooday everyone, am glanning to invest in the nigeria stock exchange market, so i want to ask how does it works and how do i get started.

Note: I trade in the crypto market.

To get started, open a stock/CSCS account.
Click the third link on my signature to open account for free with Investment One Stockbrokers.
As to how it works, read stuffs on this thread and get in touch.

Foodempire:


Kindly explain the bolded. I thought there's no withholding tax on treasury bills, is this new?

Read the page before this and at the beginning of this page you find the answer.

NL1960:


If we drop it in this December period, what are we going to use to buy rice and chicken or travel to the village?.

You can always work it out my Oga remember say January dey looong as they say.

Let your Detty December money make some money for you before it gets Detty.

MMF Rate is responding to High Tbills rates as earlier noted. The MMF rate is on the way up try and go up with it.
By tomorrow it will be December, take advantage of increasing MMF rates and make more money this December.
I will advise folks to take this opportunity and drop your funds for the festive period and January 2024 in MMF to have better returns.

Click the link on my signature to start investing in the Stanbic MMF or contact me.

Let your Detty December money make some money for you before it gets Detty.

MMF Rate is responding to High Tbills rates as earlier noted. The MMF rate is on the way up try and go up with it.
By tomorrow it will be December, take advantage of increasing MMF rates and make more money this December.
I will advise folks to take this opportunity and drop your funds for the festive period and January 2024 in MMF to have better returns.

Click the link on my signature to start investing in the Stanbic MMF or contact me.

thebargainhunte:


This is more reason fidson has to shift body. I would have believed that fidson would have been the market leader in that industry, but the way things are playing out, it could be mecure.

Do you want to use less than two weeks of price movement of a newly listed stock to determine market leader? hmm! Let them release up to five years' numbers after listing you will then differentiate the men from the boys.

dotstay01:
Good day my Bosses in the house, I have a friend with a pending issue and he is stuck without knowing how to proceed.
So he has shares on NASD with meristem stockbrokers, he wants to sell, for the past three weeks meristem hasn't gone through with the order claiming it is an issue with CSCS. Is there anything he can do or he should just wait it out till they execute the order..

Thanks for your prompt response

He has to wait and keep renewing the order. Please note NASD platform is not as active as NGX. Transactions are always very few. Buyers and sellers are not as much as they' are on the NGX.

freeman67:



Wow..!! Thanks so much for the info at least I now know why.

The holiday, was it for TB alone or it included CP because I am being tax for CPs too. The most annoying part is that they will not include it in proof of investment. I actually wanted to write CP up therebbut carried away with what I was doing?

The same applies for CP.

Check this article on nairametrics Commercial papers in Nigeria in 2023: 6 key things to note

freeman67:


He is not looking to make a new investment, he talking about the already subscribed SUKUK VI.

There are other CP's with higher rates; like SKDL and Robust international with coronation. My issues with TB is the sudden 10% WHT they are deducting from accrued interest these days.

Actually, it was a holiday of 10 years of no WHT on returns from T-bills since 2012 and it ended last year that is the reason the 10% WHT is back

Happyfellow147:
Can anyone help me please?

I opened an account with NISL as a stockbroker but sometime last year, they sent a mail about pausing operations or something like that and since then, I cannot log into my account with which shows my stock position.

I'm completely clueless on how to go about this:
Changing to a new broker and transferring my shared to a new broker.

First, contact the SEC and ask about the firm in question if it's a case of suspension/licence withdrawal or any other infractions

If it's a case of suspension that may have a timeline and they will resume trading once the suspension is lifted. If it's a case of licence withdrawal it means there may not be hope of coming back though that depends on the reason for the withdrawal.

In the first case, you will need to open another stock/cscs account with another firm and continue your trading/investing while waiting for the suspension to be lifted then you can tell your new stockbroking firm to initiate an inter-house member transfer and move all your holdings.

If it's the second case, you don't need to wait, after you open another account with a new firm, start the process of moving your stocks from the dead firm.

To open a stock account with Investment One, click the 3rd link on my signature and complete the online form. Account opening is free.
You can chat me up if you need further assistance. See the numbers on my signature.

drealj:
Evening,when is the next auction pls. And is there still secondary market

The next auction may be in January. The secondary market is every working day of the week.

egojeny1:

Lol

Let's enjoy it while it lasts. This thing na turn by turn. If Tbills rates continue on the rise be sure there will be more laughter and joy for MMF folks.

Tohmey:

Humm
What is the current rate of SfsFund

No doubt Tbills is a major underlying asset of MMF. However, the rate change is not automatic. It doesn't mean that the day tbills rate rise it will happen with MMF. It's has to do with revalution of the assets. Definitely increase in tbills rate will have a positive effect on MMF which we are already witnessing. Just hold on, in a short while increase in tbills rate will reflect more on MMF.

Have you noticed that the MMF rates have been higher than tbills rates for the greater part of this year? Moreover the benchmark for MMF rate is always the 90 days tbills rate.

By the way SFS is 10.02% as at today.

MMF or Fixed income fund remain a low risk investment that all investors can always falll back on when the going gets tough with the much riskier investment windows. It's also a very good point for newbies to dive into the world of investment because your fingers can never get burnt.
Again MMF becomes handy when it comes to building emergency fund.

To all the men in the house
Happy International Men's Day
May all that makes you a man- the planning and execution, risk-taking, providing for the family, etc remain intact.
Also, I wish all investors/traders a happy and bullish week ahead.

Tbills Primary Auction

For investors that wish to participate in the next Tbills primary auction, make sure you are at your bank branch on or before Tuesday this week latest by 10am to subscribe otherwise you wait till next year or buy at the secondary market.
To be on the safe side always go with the bank rate.

Alternatively, if you want to benefit from Tbills, Commercial paper, and FGN Bonds at the same time you can opt for a money market fund or a Fixed income fund.
Click the links on my signature to open an account or contact me for details.

Tbills Primary Auction

For investors that wiah to participate in the next Tbills primaru=y auction.
Make your you at your bank branch latest Tuesday 21, Nov. 2023 by 10am to subscribe.

Chikebrain:

An update to the above:

I reached out to Zenith Bank to liquidate my TB I invested this Sept and I was told I'd be loosing over N2M from my capital for having to liquidate it so I'd get ( XX,000,000 - 2M+).
I actually thought you only make a loss of the incurred interest or am I wrong ?

If the parameters, the rate in particular as at the time you subscribe to the tbills and this time you are terminating is not the same you are bound to lose some money. The truth is that you can not outsmart the system. Remember you collected interest upfront, if that interest is to be invested that means more money and that is part of your gain only if you hold to maturity otherwise the issuer sees that upfront cash as borrowed money and all borrowed money has an interest commitment.

The senerio that just played out is the reason most investors prefer MMF because of the easy entry and exit incase opportunity of better rate presents itself in another investment window.

So you can go ahead and make your decision it's a matter of opportunity cost. All investment decisions has a price.